Non Residential Property Loans

Non-residential property loans, also known as commercial property loans or non-residential real estate loans, are financial products designed to provide funding for properties that are not primarily used for residential purposes.These loans are specifically intended for commercial, industrial, retail, or mixed-use properties.Non-residential property loans differ from residential mortgages in several ways. The eligibility criteria, loan terms, interest rates, and repayment structures can vary significantly. Here are some key points to consider:

1.Eligible Properties: Non-residential property loans cover a range of property types, including office buildings, retail spaces, warehouses, industrial properties, hotels, and more. Each lender may have specific criteria regarding property type and usage.

2. Loan Amount and LTV: The loan amount and loan-to-value (LTV) ratio depend on factors such as the property's value, location, rental income potential, and borrower's                     creditworthiness. Lenders typically finance a percentage of the property's value, requiring borrowers to provide a down payment.